Tron Inc. (NASDAQ: TRON) has announced the receipt of a huge $110 million investment from its largest shareholder, Bravemorning Limited, which the company has used to increase its TRX holding by 312.5 million tokens (Approximately $110 million).
The new investment brings the company's total TRX treasury to more than $220 million, strengthening its commitment to a cryptocurrency-focused treasury strategy.
The latest strategic TRX purchase comes after Bravemorning used all of its warrants to buy restricted common shares in June 2025. Bravemorning now controls about 86.6% of Tron Inc., with a total investment of $210 million.
With the additional investment, Tron Inc. solidifies its position as the largest public holder of TRX tokens, and its stronger treasury reflects growing confidence in the TRON network's future.
In the press statement, Rich Miller, CEO of Tron Inc., explained the strategic rationale for the move.
"With this extra $110 million investment from our largest shareholder, Tron Inc. secured its position as the largest public holder of TRX tokens. Our treasury of over $220 million reflects our belief in the TRON network and positions us to capitalise on growth in blockchain adoption, digital payments, and Web3 infrastructure."
In June, Tron Inc. unveiled its TRX Treasury Strategy, which marked the start of a larger initiative to systematically accumulate TRX and integrate digital assets into corporate governance. To ensure consistent accumulation, the company has filed with the SEC to raise up to $1 billion in mixed securities such as ordinary stock, debt, and warrants.
Meanwhile, the greater TRON network continues to thrive. As of late August 2025, the blockchain had over 328 million user wallets and $82.6 billion in TRC-20 USDT in circulation, accounting for roughly half of total USDT volume, per Stocktwits. In the first half of 2025, over $3.6 trillion in USDT settled on the network, indicating strong web3 activity and stablecoin demand.
This treasury expansion shows the continued evolution of crypto "balance sheet plays," in which firms view digital tokens such as TRX or BTC as long-term assets. Momentum has spread beyond Bitcoin, and Tron is already developing one of the most ambitious crypto treasuries in the public markets.